Savings Bank

3. Other Areas: Rs 250 without cheque book facility and Rs 1000 With cheque book .

4. Eligibility : Individuals of 18 years and above Earns interest at 4.00% per annum.Minors can open accounts, but they can operate only at 10 years or older.

Basic Savings Bank Account

The objective of the scheme is to facilitate vast sections of rural poor to open an account with the Bank no frills accounts comes with very low minimum balances with low charges. Ideal for rural poor. Details are

Purpose

To facilitate everyone to open/maintain Bank account with no costs

Eligibility

Individuals with age of 18 years or above

Available at

All Branches of the Bank

Initial deposit amount

Zero

Minimum balance to be maintained

Zero

Rate of Interest

4.00% per annum. As applicable to normal savings Bank account

Operation of account

Withdrawls by way of withdrawl slips. Maximum four withdrawls per month including from ATMs. No cheque book facility

All other rules and regulations as applicable to Savings Bank account are applicable.